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U.S. budget deficit grows $180 billion in July

Government outlays grow to a record level as tax revenues dwindle. Total deficit for the last 10 months is $1.3 trillion.

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WASHINGTON (Reuters) -- The U.S. government posted a $180.68 billion budget deficit for July, a record for the month, as outlays rose to a record level to fight a recession that continued to wither tax revenues.

The July budget gap was the 10th consecutive monthly deficit and brought the fiscal year-to-date deficit to $1.267 trillion, more than triple the deficit for the same period a year ago. To top of page

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